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Many pieces of the Diem puzzle still missing as launch gets delayed Besides securing approval from Swiss regulators, Diem seems likely to face opposition from government regulators in many countries. 13796 Total views Analysis Back in June 2019, social media giant Facebook released the details for a much-talked-about digital currency platform dubbed “Libra.” These days, Libra is known as Diem, with the project undergoing a significant rebranding in a bid to smoothen regulatory wrinkles. A year and a half later, the Diem Association has yet to launch a digital token with regulatory approval from Swiss authorities yet to materialize. Even if Switzerland’s Financial Market Supervisory Authority, or FINMA, does grant a payment license to the digital currency project, Diem will be debuting its offerings to a global landscape that is significantly more fractured in terms of digital currency regulations than was the case 18 months ago.

United statesHong kongUnited arab emiratesJackson muellerOlaf scholzChristine lagardeShaktikanta dasFirst digital assets groupEuropean central bankInternational settlementsFirst digital asset groupEuropean unionDiem associationSwitzerland financial market supervisory authorityMonetary authority of hong kongFinancial market supervisory authority